Jon Stewart lambasted CBS' decision to cancel "The Late Show" with Stephen Colbert from his perch at Comedy Central's "The Daily Show."

Rumors about the $40 million annual losses appeared to stem from reports published by a media outlet called Puck and the New York Post.

The San Francisco-born comedian, known for his conservative views, weighed in on CBS' decision on the "Happy Gilmore 2" red carpet.

The cancellation from CBS comes after Colbert criticized his parent company on-air for their $16 million settlement with Trump.

Stephen Colbert’s show is being canceled just as a major media merger requiring Trump administration approval moves forward, raising fears of political pressure on the press. On Morning Joe, Molly Jong-Fast calls the moment “really scary” and points to a broader fight: Rupert Murdoch,